What is corporate social responsibility? Give arguments for and against social responsibility? Ans. Social ResponsibilitySocial responsibility can be defined as:“A business’s obligation to follow goals that are good for both organization and society in the long-term, and are not required by law.” Corporate Social ResponsibilityThe term "corporate social responsibility" came in to common use in the early 1970s. It means the duty of an organization towards society in order to prove itself responsible about its actions and their effects on environment, community and external stakeholders. It means that an organization is responsible for all its action towards the people who are affected by its actions and processes. Therefore, corporate social responsibility can be defined as: “Operating a business in a manner that meets or exceeds the ethical, legal, commercial and public expectations that society has of business.” The Socioeconomic View

The Socioeconomic view stated that it is the responsibility of managers and all organization s to take care of public interests as well as their profits. Each organization should be responsible for all its actions which may harm or benefit community and should take actions to stop any malpractices in its operations, finance, marketing and human resource departments. Business organizations should not only act for their own profit but also for the welfare of community. They should take an active part in happenings in the society and should perform such actions which can improve the political, economical, social and environmental conditions of the society. In short, corporate social responsibility makes an organization to play its role in the improvement and welfare of society. Arguments For and Against Corporate Social Responsibility

According to Classical view of social responsibility of an organization, the management and managers of an organization are responsible for maximizing organizational profits only. It is...

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...﻿ArgumentsagainstCorporateSocialResponsibilities.
As we have seen there are a lot of advantages of using CorporateSocialResponsibilities, however there are points of view that CSR makes negative affect on the company. We will try to explain main disadvantages about CSR below.
Some companies are using CSR, only because they want to show the seriousness of the business and care about service or product that they produce, but in fact they not really carrying about the way the product come to the customer. Thus, companies using CSR only to make a good advertising.
Another disadvantage is that companies spending money to create CSR policy, which will bring social and moral benefits, but in the first place for the company should be earning the profit for its owner. When the company has sustainability it can spend money for things such as CSR, moreover it should be companies with a good budget and include more than hundred employees.
Moreover, all people in business companies except those who are working in hospitality industry are more prepared to work in economic, market and technology spheres, but they do not have enough experience and skill yet to deal with humans problems.
To sum up, the idea of CSR as any other idea has it supporters and those who argue against it. Companies should decide by themselves if they want to follow...

...
CORPORATESOCIALRESPONSIBILITY
Case Study:
You have been recently appointed as a CEO of the software giant company having its presence in 25 Countries. Your major customers, employees and other stakeholders are in India. You have been investing heavily as a CSR activity in the Polio eradication campaign in association with Government of India. The success rate for polio eradication has been really good. The government of India appreciates you for the contribution in the noble cause and says that they don’t need your financial support for the same, as GOI can manage the limited expenditure for the same. You have to decide the new areas of spending in CSR activities.
1. Which CSR activities you would undertake in India? Give suitable reason and justify your answer. (10 Marks)
An:
I would give priority to Education because I feel Education is the key for best Society. Without Education Even though the Country is developed it could not sustain for long time. In India Bihar is the least literate state in India, with a literacy of 63.82%. And most other parts of the Country too are living their lives without basic Education.
As Per the 2011 Census, Literates constituted 74% of the Total Population in India aged 7 and above, and illiterates from 26%.
About 270 million people aged 15 Years and older still remain illiterate in India, despite the country making the major progress in cutting down the number of school drop-outs over...

...The Case AgainstCorporateSocialResponsibility
Dr. Karnani shows in this article from the Wall Street Journal, the pros and cons on whether businesses should be required to implement social welfare initiatives. For some companies, this idea is a win-win situation but there are other businesses that in order to promote these initiatives, they would have to lose profits. The idea of people helping people sounds very good but we have to be realistic, we are living in a capitalist country were people’s priority is their own well-being. The majority of the United States businesses are going to think of how to make profits; if a way to make profits is to improve social welfare then they are more likely to do it. But if by improving social welfare their profits are going to go down, then they are not going to care about the social welfare. Which also turns into a lose-lose situation, in where by increasing the profits will also increase social welfare. Dr. Karnani alleges different ways in which we can balance out both, business and social welfare.
One way is where civil society creates nonprofit organizations and movements in where the common good is the main goal. These organizations are created to help the community in a variety of aspects. Some organizations can have as a main goal to protect the environment...

...STARBUCKS)
Starbucks
Aneez Mohammed
Columbia Southern University
Starbucks.
1.Starbucks has worked hard to act ethically and responsibly. Has it done a good job communicating it efforts to consumers? Do consumers believe Starbucks is a responsible company? Why or why not?
Starbucks opened up in 1971 in Seattle as the first Italian company in United States to have a coffee house for customers. The idea was to have a setting of Italian elegance, a personal treat and a social gathering spot.(Keller & Kotler,2012). Starbuck has worked tremendously hard to store an image that it has become the most frequently visited retailer in United States with an average of 18 times a month (Kotler & Keller,2012).
Starbucks is known as a responsible company since it started its operation in 1971. It has been a leader in its socialresponsibility at giving back to its communities , the environment and in its ethical sourcing. "Leadership- starbucks," (2013) indicated Starbucks has responsibilities at sharing resources with the private sector by improving community education, employment, health, housing and safety. In a similar manner Starbucks has a foundation that is dedicated to the development of young people to become extraordinary leaders, by investing in the leadership skills required for the changing global economy.("Leadership-starbucks,"2013)
Most importantly Starbucks has created jobs for across...

...Identify and discuss the importance of corporatesocialresponsibility
Definition: CorporateSocialResponsibility- "CSR is all about performance in a variety of social and environmental topic areas that usually embrace issues such as philanthropy, diversity, socially responsible investing, human rights, business ethics, environment, workplace issues, sustainability, corporate governance and community development".(Visser, Matten, Pohl, & Tolhurst, 2007, p. 123). Companies that take an active role in promoting their corporatesocialresponsibility programs are generally viewed more favorably than those that do not have highly visible programs. Having goals and a vision for your company that go beyond products and profits definitely provides a warmer image of your business that consumers will be more eager to engage with.
Types of csr
There are actually two different types of corporatesocialresponsibility to consider. The first one consists of corporations providing funding and resources for worthwhile social causes, such as donating money or employee time to charities. Another type of CSR involves putting together a real plan to produce products or provide services that are in the best interests of society. These include things like using safe materials in...

...The benefits and disadvantages of co-operate socialresponsibility
By Mahamed Abdi
Studying for Business SM1007
Student Number: 0747672
There is an ongoing debate over business roles in society which revolves around two opposing arguments. On the one hand, it is argued that CSR issues are not suitable to corporate agenda. This point of view maintains that corporations and society pursue different goals, and that the aims of one can only be achieved at the expense of the other. Companies are profit driven, and the sole purpose of business is to generate shareholder value. On the other hand, CSR proposes that companies which participate in activities that positively contribute to society will see the benefits to their reputation and subsequently their bottom line. This essay will evaluate the supporting and opposing arguments surrounding the CorporateSocialResponsibility (CSR) debate. It will define CSR and explore the positive aspects of adopting it in an organisation, as endorsed by CSR advocates such as Dick Hubbard and based on research from various sources and business case studies such as McDonalds and Timberland Co. It will cover the positive arguments for CSR such as its ability to enhance a company's reputation and brand name, to expose market opportunities and to attract and maintain valuable staff. The second part of this essay...